Stocks went green on Warsh's speech. Crypto went red. Same speech.
Fed Chair Kevin Warsh at Jackson Hole: the 2% target is "firm and fixed," and the Fed still has work to do. CME FedWatch odds of a September rate HIKE jumped from ~36% to ~56% (FXStreet). Dollar +0.36% to 99.50; S&P 500 up 0.2%.
Equities heard a credible inflation fighter. Crypto hears the dollar and the discount rate. A hike isn't a slower cut — it's the opposite direction.
BTC held $79K clean through this morning's $6.4B Deribit expiry. It lost the level in the US afternoon instead: low $76,888.
Liquidity repricing, not a crypto story — $BTC $ETH $SOL all -3% to -4% while stocks sat flat. The level traders watch now is a reclaim of $79K into the September FOMC.
Does a Fed talking hikes end this rally, or is 56% already peak fear?
#Write2Earn #JacksonHole #Fed #Bitcoin #CryptoNews
Not financial advice. DYOR.
Fed Chair Kevin Warsh at Jackson Hole: the 2% target is "firm and fixed," and the Fed still has work to do. CME FedWatch odds of a September rate HIKE jumped from ~36% to ~56% (FXStreet). Dollar +0.36% to 99.50; S&P 500 up 0.2%.
Equities heard a credible inflation fighter. Crypto hears the dollar and the discount rate. A hike isn't a slower cut — it's the opposite direction.
BTC held $79K clean through this morning's $6.4B Deribit expiry. It lost the level in the US afternoon instead: low $76,888.
Liquidity repricing, not a crypto story — $BTC $ETH $SOL all -3% to -4% while stocks sat flat. The level traders watch now is a reclaim of $79K into the September FOMC.
Does a Fed talking hikes end this rally, or is 56% already peak fear?
#Write2Earn #JacksonHole #Fed #Bitcoin #CryptoNews
Not financial advice. DYOR.
